Distribution and Productivity Growth: An Empirical Exercise Applied to Selected Latin American Countries

Douglas Alencar, Frederico G. Jayme, Gustavo Britto and Claudio Puty

Review of Political Economy, 2021, vol. 33, issue 3, 487-510

Abstract: The paper investigates whether productivity growth is affected by the rate of growth of income and by that of employment for a representative sample of Latin American countries from the 1980s to the early 2010s. Having post-Kaleckian models as background, the paper empirically assesses the relationship between these variables, which are believed to be behind the underdeveloped trap, low productivity growth, high income concentration and low-income growth. The results show a positive impact of the rate of growth of income over productivity, the so called Kaldor-Verdoorn coefficient. However, the vast majority of the sample, the effect of employment growth on productivity growth was not significant. The latter results are consistent to the interpretation offered by the Latin American Structuralist School, who has long argued that one of the hallmarks of underdetermine is uneven spread of the productivity gains though the economy. This is the framework used to interpret the results.

Date: 2021
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/09538259.2020.1815961 (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Distribution and productivity growth: an empirical exercise applied to selected Latin American countries (2018)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:revpoe:v:33:y:2021:i:3:p:487-510

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/CRPE20

DOI: 10.1080/09538259.2020.1815961

Access Statistics for this article

Review of Political Economy is currently edited by Steve Pressman and Louis-Philippe Rochon

More articles in Review of Political Economy from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().